$THETA Abandoned Child
1. Overall Trend Judgment (Core)
Current price $0.268. This is a complete destruction of asset value. The price has fallen below the starting point at the beginning of 2024 and has even hit a new low in nearly two years. The K-line pattern is extremely weak, showing no signs of stopping the decline, and the moving average system presents a perfect bearish arrangement.
THETA is in an extremely deep bear market. This is the state of liquidity exhaustion after the main capital has completely exited. The current decline belongs to the last stage of "value killing"; although the price is extremely low, this is the moment to "catch a falling knife."
2. Key Levels
Resistance Level (Selling Pressure Area):
Short Resistance: $0.400 - $0.500. The last fluctuation platform before the recent decline. Countless failed bottom-fishing souls have accumulated here. A rebound to this level will unleash selling pressure like a flood.
Strong Resistance: $1.000. Once a psychological barrier and "neckline position." Now it has become an unreachable "ceiling." Only by standing back at $1.00 can we declare the end of the bear market.
Support Level (Defense Area):
Psychological Bottom: $0.250. The current integer level.
Extreme Bottom: $0.150 - $0.200. If $0.25 is lost, panic selling will seek the absolute bottom of the previous bear market (before 2023).
3. Volume Signal
Signal: Continuous decline with low volume, even shrinking volume.
Compared to the huge trading volume at the two peaks, the current trading volume is very sluggish.
Interpretation: Abandoned by the market. It indicates that no large funds are willing to support at this level. Such low-volume declines often mean that the bottom has not yet been truly explored, because "the bottom is ground out, not just fallen out."
4. Trading Strategy
Holders: Extremely desperate.
Advice: From $3.8 to $0.26, assets have shrunk over 90%. At this point, cutting losses is not significant.
Strategy: Can only treat a dead horse as a live one. Wait for future DePin or streaming media sector explosions to bring about a sharp rebound, targeting around $0.50 for reduction.
Non-holders: It's best to wait and see.
Do not bottom-fish: For a coin with this trend, not rising is the biggest risk.
Opportunity: Unless we see the price consolidating in the $0.20 - $0.25 range for over 1 month and a significant bullish candle appears, do not touch it.
5. Summary
THETA has completed the process of "value returning to zero"; it is currently the darkest moment, and apart from waiting, there is no other way.